OTP Group

First nine months 2017 results

Conference call – 10 November 2017

László Bencsik

Chief Financial and Strategic Officer

2

Accounting profit after tax

+21%

9M 2017 9M 2016

176.0

212.9

1 Total result of CEE operations does not include the result of Corporate Centre, foreign asset management companies,

other Hungarian and foreign subsidiaries and eliminations. Their aggregated results amounted to HUF -2.4 billion in 9M 2016

and HUF 3.6 billion in 9M 2017.

Adjusted profit after tax

224.6

172.9

9M 2016

+30%

9M 2017

Adjusted after tax results in the CEE

countries1

Adjusted after tax results in Russia and

Ukraine (including Touch Bank)

(in HUF billion)

155.1

195.8

+26%

9M 2017 9M 2016

25.2 +25%

9M 2017 9M 2016

20.2

The 9M accounting result grew by 21% y-o-y despite the balance of adjustments turned negative y-o-y.

CEE Group members’ contribution grew by 26%, whereas the Russian and Ukrainian contribution increased by 25% y-o-y

Adjustments (after tax) 9M 2016 9M 2017

Banking tax

Visa

Other

Total

-13.8

13.2

3.7

3.1

-15.1

0

3.4

-11.7

3

The 9M profit growth of the CEE Group members was led by OTP Core and the Croatian operation, but the contribution

of the Leasing operation surged, too. The Russian profit improved by 34%, Touch Bank remained loss-making

9M 16 9M 17 Y-o-Y 3Q 16 2Q 17 3Q 17 Q-o-Q Y-o-Y

in HUF billion in HUF billion

Consolidated adjusted after tax profit 172.9 224.6 30% 68.8 78.3 79.5 2% 16%

CEE operation (adjusted) 155.1 195.8 26% 59.8 69.0 69.8 1% 17%

OTP Core (Hungary) 98.4 136.9 39% 38.8 49.4 46.7 -5% 20%

DSK (Bulgaria) 42.7 36.7 -14% 14.7 12.0 11.3 -6% -23%

OBR (Romania) 2.2 2.1 -5% 0.6 -0.4 1.2 104%

OBH1 (Croatia) 3.6 11.1 209% 1.4 6.9 6.0 -14% 324%

OBS (Slovakia) 0.4 -0.6 0.1 -0.4 -0.3 -31%

OBSrb (Serbia) 0.2 -1.3 0.1 -1.5 0.2 180%

CKB (Montenegro) 1.7 0.7 -60% 1.4 -0.1 0.7 -52%

Leasing (HUN, RO, BG, CR) 3.2 7.1 122% 1.8 2.1 2.9 34% 55%

OTP Fund Management (Hungary) 2.8 3.2 15% 0.9 1.0 1.2 17% 30%

Russian and Ukrainian operation (adjusted) 20.2 25.2 25% 9.3 8.4 8.1 -4% -12%

OBRU (Russia) 16.0 21.4 34% 6.8 7.5 6.4 -15% -7%

Touch Bank (Russia) -3.9 -5.2 31% -1.4 -1.6 -1.3 -14% -6%

OBU (Ukraine) 8.1 8.9 9% 3.8 2.5 3.1 22% -20%

Corporate Centre and others -2.4 3.6 -0.3 0.8 1.6 91%

1 In this presentation the performance of OBH (Croatia) includes the performance of Splitska banka

starting from the consolidation in May 2017. OTP banka Hrvatska and Splitska banka are legally separate.

4

In 3Q 2017 four small adjustment items emerged with an aggregated effect of -HUF 0.2 billion

-HUF 155 million (after tax) emerged in relation to the Splitska banka transaction. 2

HUF 0.2 billion negative tax effect was related to the reversal of impairment charges booked in relation to OTP Mortgage Bank . 1

9M 16 9M 17 Y-o-Y 3Q 16 2Q 17 3Q 17 Q-o-Q Y-o-Y

in HUF billion in HUF billion

Consolidated after tax profit (accounting) 176.0 212.9 20% 69.8 80.7 79.3 2% 14%

Adjustments (total) 3.1 -12.9 1.0 2.4 -0.2

Dividends and net cash transfers (after tax) 0.4 0.6 62% 0.1 0.2 0.3 44% 106%

Goodwill/investment impairment charges (after tax) 10.8 -0.5 8.6 -0.8 -0.2 -76%

Special tax on financial institutions (after corporate income tax) -13.8 -15.1 9% -0.2 -0.2 -0.2 -4% -12%

Impact of fines imposed by the Hungarian Competition Authority

(after tax) 0.0 0.2 0.0 0.0 0.0

Gain on the sale of Visa Europe shares (after tax) 13.2 0.0 -100% 0.0 0.0 0.0

Corporate tax impact of switching to IFRS from HAR in Hungary -7.5 0.0 -100% -7.5 0.0 0.0 -100%

Effect of acquisitions (after tax) 0.0 3.0 0.0 3.2 -0.2

Consolidated adjusted after tax profit 172.9 224.6 30% 68.8 78.3 79.5 2% 16%

2

1

9M 16 9M 17 Y-o-Y 3Q 16 2Q 17 3Q 17 Q-o-Q Y-o-Y

in HUF billion in HUF billion

Consolidated adjusted after tax profit 172.9 224.6 30% 68.8 78.3 79.5 2% 16%

Corporate tax -34.4 -30.8 -10% -4.2 -12.1 -9.3 -23% 124%

O/w tax shield of subsidiary investments 3.1 - 2.3 - -

Before tax profit 207.3 255.4 23% 72.9 90.3 88.8 -2% 22%

Total one-off items 2.0 3.8 91% -0.9 2.9 1.0 -65%

Result of the Treasury share swap agreement 2.0 3.8 91% -0.9 2.9 1.0 -65%

Before tax profit without one-off items 205.2 251.5 23% 73.8 87.4 87.8 0% 19%

Operating profit w/o one-off items 250.9 278.1 11% 86.6 97.3 92.1 -5% 6%

Total income w/o one-off items 542.7 596.1 10% 184.9 204.5 202.8 -1% 10%

Net interest income 388.8 406.1 4% 130.7 136.9 137.0 0% 5%

Net fees and commissions 127.7 151.4 18% 45.4 53.8 53.0 -1% 17%

Other net non interest income without one-offs 26.2 38.6 47% 8.8 13.8 12.7 -8% 45%

Operating costs -291.8 -318.0 9% -98.2 -107.3 -110.7 3% 13%

Total risk costs -45.6 -26.6 -42% -12.8 -9.8 -4.3 -57% -67%

5

9M profit before tax without one-off items went up by 23% y-o-y; whereas it remained stable in 3Q q-o-q.

The quarterly net interest income stabilized and risk costs kept further declining

Miscellaneous - 1

6

In July and August 2017 OTP Bank announced a Romanian and Serbian acquisition; none of them has been consolidated in

3Q, since the financial closure hasn’t happened yet. In Serbia the consolidation is expected to happen in 4Q 2017, whereas

in Romania in 1Q 2018, subject to regulatory approvals.

Recently

announced

M&As

OTP Group has started to follow a dynamic growth trajectory. During the last twelve months the performing loan portfolio

advanced by 10% organically, whereas the two already completed and two announced acquisitions boost the portfolio by an

additional 25%.

According to the management’s opinion, the operating environment is going to remain supportive for the continuation of a

dynamic growth strategy. Thus, beyond the capital required for organic growth the management intends to allocate

significant part of the generated excess capital for further value-creating acquisitions. Subject to the planned and executed

acquisitions, the organic growth, as well as the Company’s profitability the management will also seek to increase the annual

dividend amount.

Alongside with those targets, maintaining a strong capital position remains an important goal, both in relative and absolute

terms. Therefore the intended level of CET1 ratio increases to 15%; however it is going to move within the range of

12%-18%, depending on the timing of acquisitions and the incorporation of the annual retained earnings.

Capital

allocation

guidance

The share swap agreement between OTP Bank Plc. and MOL Plc. has been amended. Taking into account the economic

substance of the deal and the amendment of certain elements of the contract, in order to show a full and reliable picture, the

Bank decided to account for the deal on a net base, which provides a better reflection of the deal’s economic substance,

rather than booking it on a gross base. Simultaneously, the accounting policy has been changed. Pursuant to the change,

the MOL shares (previously booked on the trading securities balance sheet line) and the related financial liabilities have been

netted off.

Due to a change in the Company’s accounting policy, balance sheets have been restated for the relevant base periods. The

consolidated balance sheet and the balance sheet of OTP Bank and OTP Core were affected; however, the change was

neutral on the shareholders’ equity and the statement of recognized income. Due to a change in total assets, performance

indicators with total assets in their denominators changed retroactively.

For example, the restated 2016 full-year consolidated net interest margin changed to 4.82% from 4.78% presented earlier.

Restatement

Miscellaneous - 2

7

In 3Q 2017 the way of presentation of accrued interest receivables related to loans has been unified at certain Group

members. In essence, the accrued interest receivables have been included in the gross customer loans line in the balance

sheet of these Group members. Furthermore, in the adjusted balance sheets the total amount of accrued interest

receivables related to DPD90+ loans were netted with the provisions created in relation to the total exposure toward those

particular clients, in case of the affected Group members.

This had an impact on the q-o-q dynamics of gross loans and performing (DPD0-90) loans, too. The one-off effect of the

above changes on consolidated gross loans was -HUF 9 billion and +HUF 16 billion in case of performing loans (adding

+0.2 pp to the q-o-q dynamics).

Change in the

presentation

of accrued

interest

receivables

69%

127%

0.1

-5.5 0.8

7.1

3.7%

19.5%

1.3

7.9

8

Strong capital and liquidity position coupled with robust internal capital generation make room for further acquisitions

Development of the fully loaded CET1 ratio of OTP Group

1 Senior bonds, mortgage bonds, bilateral loans. 2 Positive amount implies FX liquidity placement.

Leverage ratio (average equity / average assets)

Net liquidity buffer / total

assets (%)

Consolidated net loan to deposit + retail bond ratio

3Q 17 2008

Reported

15.8% 13.7%

2.1%

Including

profit less

indicated

dividend

2016 9M 2017

Net liquidity reserves

(in EUR billion equivalent)

3Q 17 2008 3Q 17 2008

External debt1

(in EUR billion equivalent)

Group FX liquid assets2

(in EUR billion equivalent)

3Q 17 2008 3Q 17 2008

2.2% 15.8% 13.5%

Reported

3Q 17

6.2%

7.3%

6.8%

8.1%

6.8%

12.7%

11.8%

2Q 17

2Q 17

3Q 17

2Q 17

3Q 17

3Q 17

Including

profit less

indicated

dividend

The y-o-y increase in consolidated total income was supported mainly by the consolidation of Splitska banka in May 2017;

3Q total income incorporated 3 months contribution from Splitska banka versus 2 months in 2Q

9

10

2

2

7

4

20

9

1

29

27

91

203

TOTAL INCOME – 3Q 2017

without one-off items (HUF billion)

Q-o-Q (HUF bn)

Y-o-Y

(HUF bn)

Y-o-Y

(%)

3

0

-1

0

0

0

1

2

-1

1

18

12

OTP

Group

OTP CORE (Hungary)

DSK (Bulgaria)

OBRU (Russia)

Touch Bank (Russia)

OBU (Ukraine)

OBH (Croatia)

OBS (Slovakia)

OBR (Romania)

CKB (Montenegro)

OBSrb (Serbia)

Others2

Q-o-Q (%)

-2%

-21%

142%

47%

1 Changes in local currency

2 Other group members and eliminations.

0%

1

0

0

0

0

4

1

0

-3

0

-4

-2

n/a n/a

10%

6%

-1%

6% / 4%1

1%

-3%

11%

26%

-1%

16%

3%

-10% / 0%1

2% / 11%1 8% / 14%1

-1%

-4%

-1%

n/a -9%

0%

-1%

-3%

-9%

12%

16%

1%

-1%

-2%

6%

28%

0

0

1

0

0

0

0

2

1

-2

0

-1

0

2

1

4

2

2

5

3

13

6

24

18

58

137

The net interest income remained flat q-o-q; headwind from further NIM erosion was mainly offset by expanding

performing volumes. The additional contribution from Splitska banka was offset by the impact of weakening RUB

10

NET INTEREST INCOME – 3Q 2017 (HUF billion)

Q-o-Q

(HUF billion)

Q-o-Q

(%)

0

100%

42%

13%

17%

0%

4%

10%

2%

4%

1%

1%

3%

0%

OTP

Group

OTP CORE (Hungary)

DSK (Bulgaria)

OBRU (Russia)

Touch Bank (Russia)

OBU (Ukraine)

OBH (Croatia)

OBS (Slovakia)

OBR (Romania)

CKB (Montenegro)

OBSrb (Serbia)

Merkantil (Hungary)

Corporate

Centre

Others and

eliminations

1%

The lower NII can be partially

explained by reclassification: HUF

0.5 billion decline was due to the

fact that year-to-date fee revenues

from housing loans disbursed by

employers other than OTP, but

administered by the Bank were

shifted from net interest income

into net fees and commissions in a

lump sum in September 2017.

1

Net interest income decreased by

9% q-o-q as a result of the FX

moves. In RUB terms it increased

by 1% q-o-q due to the joint effect

of dynamic performing loan growth

and eroding net interest margin.

2

1

2

In 3Q the full quarterly

performance of Splitska banka

was included, versus only 2

months in the previous quarter.

4

The q-o-q improvement was

explained by a base effect (in 2Q

2017 NII was negatively affected

by the higher volume of

restructured corporate and

mortgage loans), but also by the

higher volume of performing loans.

3

3

4

11

Q-o-Q loan volume changes in 3Q 2017, adjusted for FX-effect

DPD0-90 volumes

Y-o-Y loan volume changes in 3Q 2017, adjusted for FX-effect

Consumer

Mortgage

Total

Consolidated performing loans increased by 3% q-o-q. At OTP Core corporate and consumer loan dynamics remained

strong and mortgage volumes also grew (+0.4%). At DSK the retail loan expansion continued. In the Russian consumer

loan segment the q-o-q loan growth reached 9% due to the seasonally strong sales activity

Corporate1

3% 3% 3% 9% 14% 6% 4% -2% 1% 5% 1%

4% 5% 2% 9% 14% 14% 9% -1% 0% 5% 2%

1% 0% 3% -2% -5% 1% 0% 3% 5% 7%

3% 6% 4% 7% 6% 6% -4% 0% 5% -3%

1 Loans to MSE and MLE clients and local governments 2 Without the Splitska-effect 3 Without the AXA-effect 4 Without the AXA-effect and Splitska-effect

OBSr (Serbia)

OBRu (Russia)

Touch

Bank (Russia)

DSK (Bulgaria)

OBU (Ukraine)

OBR

(Romania)

OBH (Croatia)

OBS (Slovakia)

CKB (Monte-

negro)

Core (Hungary)

Cons.

23% 18% 3% 19% 1652% 15% 11% 156% 2% 14% 2%

25% 20% 1% 17% 1652% 35% 24% 133% -2% 19% 6%

17% 4% -15% -16% 1% 96% 6% 17% 11%

29% 19% 5% 65% 17% 20% 217% -1% 12% -6%

Consumer

Mortgage

Total

Corporate1

23% 10%4

25% 12%4

16% 2%4

29% 14%4

156% 7%2

133% 4%2

96% 7%2

217% 9%2

18% 12%3

17% 3%3

Retail loan disbursement showed strong y-o-y dynamics in 9M 2017 at OTP Core and almost all foreign subsidiaries

Y-o-Y change of new disbursements (in local currency) – 9M 2017

12

OBSr (Serbia)

OBRu (Russia)

DSK (Bulgaria)

OBU (Ukraine)

OBR (Romania)

OBH (Croatia)

OBS (Slovakia)

CKB (Montenegro)

Core (Hungary)

28% 44% 82% 7% -24% 54% 42%

51% 10% 26% 54% 67% 126% -12% 23% -1%

* Including POS loan disbursements in case of DSK (Bulgaria), OBRu (Russia) and OBU (Ukraine)

Cash loan*

Mortgage loan

The consolidated deposit base increased by 21% y-o-y, without Splitska by 10%; volume growth at OTP Core was the

engine behind the consolidated deposit base expansion

13

1 Including SME, LME and municipality deposits 2 Without the Splitska-effect

Corporate1

Retail

Total

Corporate1

Retail

Total

Q-o-Q deposit volume changes in 3Q 2017, adjusted for FX-effect

Y-o-Y deposit volume changes in 2Q 2017, adjusted for FX-effect

5% 5% 6% 11% 10% 2% 0% 6% 0% 2% 11%

1% 0% 2% 6% 10% 0% 0% 3% -2% 4% 2%

11% 11% 21% 25% 4% 1% 12% 2% 0% 25%

21% 14% 6% 7% 46% 11% 4% 169% -4% -1% 6%

19% 14% 8% -1% 46% -3% 2% -10% 3% -1%

24% 14% 0% 33% 24% 6% 412% 8% -5% 18%

OBSr (Serbia)

OBRu (Russia)

Touch

Bank (Russia)

DSK (Bulgaria)

OBU (Ukraine)

OBR

(Romania)

OBH (Croatia)

OBS (Slovakia)

CKB (Monte-

negro)

Core (Hungary)

Cons.

Y-o-Y deposit volume changes in 3Q 2017, adjusted for FX-effect

24%

12%2

19%

9%2

21%

10%2

412%

15%2

116%

5%2

169%

10%2

14

The consolidated net interest margin eroded by 19 bps compared to the full-year 2016 level, of which around 7 bps can be

attributed to the dilution effect of Splitska banka. Out of the quarterly NIM attrition 14 bps is explained by Splitska banka.

The weakening RUB lowered the NIM by 10 bps. Interest rate- and composition effects neutralized each other

Net interest margin (%)

OTP Group

-24 bps

3Q 17

4.42

2Q 17

4.66

1Q 17

4.80

4Q 16

4.79

3Q 16

4.82

9M 17

4.62

2016

4.82

2015

5.17

OTP Core -8 bps

OTP Russia -6 bps

OTP Ukraine +3 bps

+6 bps

OTP Core

OTP Russia

+4 bps

Effect of Splitska on q-o-q

NIM development: -14 bps

If Splitska banka hadn’t been

consolidated, the quarterly

NIM change would have been

-10 bps in 3Q.

Composition effects: +11 bps

Capturing the weight changes

within the Group in LCY terms.

o/w

Effect of q-o-q weakening

Russian rouble: -10 bps

The weakening RUB exerted a

downward pressure on NIM

through the lower share of the

high-margin Russian business.

Other FX rate changes didn’t

have material impact.

Interest rate effects: -10 bps

Capturing asset and liability

side interest rate changes.

o/w

9M margin eroded by 19 bps

compared to FY 2016 level, of

which 7 bps was explained by the

Splitska consolidation. The NIM

change w/o Splitska would have

been -12 bps

15

Net interest margin of the largest Group members typically declined over the last quarter, which can be partially

explained by technical factors

3.14

2Q 17 3Q 17

3.27

2015

3.72

2016

3.48

9M 17

3.24

3Q 16

3.48

4Q 16

3.49

1Q 17

3.31

Net interest margin development of the largest Group members (%)

3.06

2Q 17 3Q 17

3.67

2015

3.15

2016

3.54

9M 17

3.39

3Q 16

3.58

4Q 16

3.61

1Q 17

3.75

7.66

2Q 17 3Q 17

6.73

2015

8.33

2016

9.02

9M 17

7.37

3Q 16

7.49

4Q 16

7.63

1Q 17

7.74

3.65

2015

3.63

2016

3.40

9M 17

3.60

3Q 16

3.43

4Q 16

3.54

1Q 17

3.67

3Q 17 2Q 17

3.47

2016

3.90

9M 17

4.55 3.92

3Q 16 4Q 16

4.39

3Q 17

3.86

2Q 17

3.91

1Q 17 2015

5.47 4.60

4Q 16

17.67

3Q 16 2015 2016 9M 17

15.72 17.81 18.29

1Q 17

17.35

3Q 17

17.60 16.43 17.99

2Q 17

Out of the 13 bps q-o-q decline 3 bps is explained by a reclassification

(certain revenues were shifted from NII to NF&C). Also, the seasonally

higher municipal deposits had a dilution effect in 3Q, explaining part of

the q-o-q decline.

DSK’s NIM remained fairly stable q-o-q (despite continuing repricing

and refinancing of retail loans), supported by lower cost of funding due

to increasing share of corporate deposits with negative interest rates.

In Russia quarterly NIM decline is partially explained by the gross

accounting of intra-group funding transactions, diluting NIMs due to

higher total assets. This explained 42 bps from the q-o-q total decline

of 109 bps in RUB terms. Furthermore, lending APRs declined more

than deposit rates.

The q-o-q increase was partly due to a base effect: in 2Q higher

volumes were restructured (the total NPV decline for the whole

duration of the loan was booked in one sum on the NII line).

Technical effect of Splitska acquisition: the 2Q margin was upwardly

biased by the fact that the full May net interest income was

consolidated, but according to the performance indicator calculation

methodology, the total assets of Splitska banka (which influences the

denominator of NIM) was counted in only from the end of May.

Lower quarterly margins were partially induced by the dilution effect of

increasing intragroup financing in order to safely meet liquidity

requirements. This explains 10 bps out of the total 18 bps q-o-q

decline.

OTP

Core

Hungary

DSK

Bank

Bulgaria

OTP

Bank

Russia

OTP

Bank

Croatia

OTP

Bank

Romania

OTP

Bank

Ukraine

The net fee and commission income was shaped by base effect in 2Q at OTP Core and also the weaker RUB on one hand,

and the higher contribution from Splitska banka on the other

1.6

0.5

0.8

0.8

0.9

4.2

2.5

5.2

7.1

28.8

53.0

NET FEE AND COMMISSION INCOME – 3Q 2017

(HUF billion)

0.0

0.0

0.1

0.0

0.0

1.0

0.2

-0.1

-0.9

0.2

-1.1

-0.7

Q-o-Q

(HUF billion)

Q-o-Q

(%)

OTP

Group

OTP CORE (Hungary)

DSK (Bulgaria)

OBRU (Russia)

Touch Bank (Russia)

OBU (Ukraine)

OBH (Croatia)

OBS (Slovakia)

OBR (Romania)

CKB (Montenegro)

OBSrb (Serbia)

Fund mgmt. (Hungary)

100%

54%

13%

10%

0%

5%

8%

2%

1%

1%

1%

3%

-1%

-4%

2%

-15%

n/a

7%

31%

-1%

1%

15%

2%

1%

-HUF 1.3 billion effect: the

financial transaction tax

obligation (which is presented on

the net fee and commission

income line) increased q-o-q,

because the tax deductions

related to the contributions into

the Compensation Fund were

booked in 2Q, lowering the FTT.

The reduction of distribution fees

on certain household targeted

government bonds starting from

17 July 2017 was also negative.

However, reclassification (HUF

0.5 billion positive impact) and

further increasing card and

deposit related fees supported

the NF&C line.

1

0

In Croatia the q-o-q growth was

related to the consolidation of the

full quarterly contribution from

Splitska banka.

3

16

1

3

2

Apart from the 10% RUB

weakening, seasonally higher

agent bonuses weighed on the

net fee income line.

2

The other net non-interest income decreased by 8% q-o-q

1.6

0.1

-0.2

0.8

0.1

2.8

0.3

0.3

2.5

4.3

12.7

OTHER NET NON-INTEREST INCOME – 3Q 2017

without one-off items (HUF billion)

0.0

1.3

-0.1

0.0

-0.1

0.1

-2.3

-1.1

-0.1

-0.1

0.0

0.1

Q-o-Q

(HUF billion)

Q-o-Q

(%)

OTP

Group

OTP CORE (Hungary)

DSK (Bulgaria)

OBRU (Russia)

Touch Bank (Russia)

OBU (Ukraine)

OBH (Croatia)

OBS (Slovakia)

OBR (Romania)

CKB (Montenegro)

OBSrb (Serbia)

Others1

100%

34%

20%

2%

0%

3%

22%

1%

6%

-1%

1%

13%

-8%

-35%

4%

-19%

-10%

-27%

88%

-46%

1%

74%

-33%

10%

0

1 Other group members and eliminations

17

2

Three factors played a role in the

q-o-q increase: firstly, the bulk of

the q-o-q increase was due to the

inclusion of the full quarterly

performance of Splitska versus

only 2 months in 2Q; secondly,

seasonality also drove up other

revenues; thirdly, HUF 0.25 billion

penalty interest revenues were

booked within the other net non-

interest income in 3Q.

2

1 At OTP Core the q-o-q decline

was mainly due to the base effect

of securities gain realized in 2Q

on the sale of real estate

investment units.

1

Operating costs grew by 9% y-o-y in 9M, whereas without Splitska banka the increase was 5.4% and only 3.8% on an

FX-adjusted base

18

4

5

5

13

8

24

11

7

39

34

156

318

OPERATING COSTS – 9M 2017 (HUF billion)

Y-o-Y (FX-adj., HUF bn)

0

0

0

0

0

11

1

1

3

3

2

22

At DSK 9M operating expenses

increased by 8% y-o-y, the key

reasons were the higher

personnel costs, higher software

amortisation and advisory costs

related to the business

development project in the retail

area.

1

Y-o-Y

(HUF bn)

Y-o-Y

(%)

0

0

0

-1

0

11

1

2

8

2

2

26 OTP

Group

OTP CORE (Hungary)

DSK (Bulgaria)

OBRU (Russia)

Touch Bank (Russia)

OBU (Ukraine)

OBH (Croatia)

OBS (Slovakia)

OBR (Romania)

CKB (Montenegro)

OBSrb (Serbia)

Merkantil (Hungary)

100%

49%

11%

12%

2%

4%

8%

2%

4%

2%

2%

1%

9% / 5.4%1

1%

8%

25%

38%

8%

79%

-5%

-6%

-3%

1%

1%

7% / 3.8%1

1%

8%

8%

19%

14%

78%

-3%

-4%

-2%

1%

1%

At OBRU 9M 2017 operating

expenses grew by 8% on an FX-

adjusted basis, primarily due to

higher personnel expenses, but

administrative costs were also

higher reasoned by growing

business activity.

2

Y-o-Y (FX-adj., %)

1

2

4

3

In Ukraine salary increases

played a key role in the y-o-y cost

increase.

3

Splitska banka added HUF 10.4

billion operating costs in 9M 2017.

4

1 Without the operating expenses of Splitska banka

OTP CORE

(in HUF billion) 9M 16 9M 17 Y-o-Y 3Q 16 2Q 17 3Q 17 Q-o-Q Y-o-Y

Profit after tax 98.4 136.9 39% 38.8 49.4 46.7 -5% 20%

Corporate tax -23.5 -15.3 -35% -2.3 -6.4 -3.8 -40% 66%

Before tax profit 121.9 152.2 25% 41.0 55.7 50.5 -9% 23%

Operating profit w/o one-off items 111.2 117.8 6% 38.3 43.3 36.4 -16% -5%

Total income w/o one-off items 265.5 274.1 3% 90.0 95.2 91.0 -4% 1%

Net interest income 174.9 174.2 0% 58.7 58.7 57.9 -1% -1%

Net fees and commissions 75.0 82.9 11% 26.6 29.9 28.8 -4% 8%

Other net non interest income without one-offs 15.7 17.0 9% 4.6 6.6 4.3 -35% -6%

Operating costs -154.4 -156.3 1% -51.7 -51.8 -54.6 5% 6%

Total risk costs 8.7 30.6 252% 3.7 9.5 13.1 38% 254%

Total one-off items 2.0 3.8 91% -0.9 2.9 1.0 -65%

19

OTP Core

In the first nine months the net interest income stabilized y-o-y. Gross interest revenues were supported by higher loan volumes: apart from the strong

organic loan volume growth dynamics the overall portfolio was also boosted by the take-over of the AXA volumes in last November. Furthermore, it

was also positive for interest revenues that the liquidity reserves have been gradually shifting toward longer duration and higher yielding Hungarian

government bonds, and this trend continued throughout 9M 2017. At the same time the net interest income was negatively affected by the continuing

erosion of short-term reference rates (used as benchmark rates for variable rate loans).

2

The effective corporate income tax rate for the first nine months was 10.1% versus 19.3% for the base period. The main reason behind was that

effective from 1 January 2017 the Hungarian corporate tax rate was reduced uniformly to 9%. In 3Q 2017 the effective corporate income tax rate was

7.5% versus around 11% in the preceding two quarters. The q-o-q declining tax burden (-HUF 2.6 billion q-o-q) was partially related to a one-off item

reducing the tax base at the Factoring unit, resulting in tax savings at OTP Core level.

1

9M profit after tax at OTP Core grew by 39% y-o-y amid moderating corporate tax burden;

the before tax profit (+25% y-o-y) was shaped by improving operating profit and substantial risk cost releases

2

1

3

The improvement in 9M net fees and commissions was due to stronger card-related fees induced by growing transactional turnover. However, the

deposit and transaction-related, as well as loan-related and securities fee revenues strengthened, too.

3

20

Mortgage loan applications and disbursements accelerated further.

OTP’s market share remained strong in new loan disbursements, corporate loans and also in retail savings OTP Core

OTP’s market share in mortgage loan contractual amounts1

OTP Group’s market share2 in loans to Hungarian

companies (%)

OTP Bank’s market share in household savings

1 Including the performance of OTP Building Society. Raw, unadjusted data are used for the calculation of market shares. 2 Aggregated market share of OTP Bank, OTP Mortgage Bank, OTP Building Society and Merkantil, based on central bank data (Supervisory Balance Sheet data provision until 2016 and Monetary Statistics from 1Q 2017). 3 The source of the sector statistics is the central bank’s publications on FGS. 4 The y-o-y increase in 2011 was influenced by reclassification, too.

Change of mortgage loan applications and

disbursement of OTP Bank (9M 2017, y-o-y changes)

2011

27.9%

2012

28.7%

2013

27.0% 29.8%

2014

31.2%

Aug 17

30.7%

2016 2015

27.2%

28%

35%New applications

Disbursement

27.9%29.3%26.9%26.7%28.6%26.0%25.6%

2014 2015 2016 9M 17 2012 2013 2011

3Q 17

14.3

2016

14.7

2015

13.8

2014

13.1

2013

12.4

2012

10.6

2011

9.1

2010

8.8

2009

8.1

2008

7.5

+91%

Changes of SME loan volumes (FX-adjusted y-o-y changes)

Activity of OTP Group in the Funding for Growth Scheme

102

6

266

91

FGS III.

FGS I.

FGS II.

FGS+

Market share3

Contracted volumes (in HUF billion)

2009

4.1%

2010

5.5%

20114

17.5%

2012

7.3%

2013

1.8%

2014

4.2%

2015

11.3%

2016

10.0%

3Q 17

14.1%

19%

13%

27%

15%

YTD

21

DSK Bank Bulgaria

Risk cost rate

Income statement

Return on Equity1

9M 2017

21.1%

2016

19.8%

2015

22.3%

2014

16.7%

2013

14.1%

2012

11.6%

Net interest margin

0%

1%

2%

3%

4%

5%

6%

3Q

3.86%

2Q

3.91%

1Q

3.92%

4Q

4.39%

3Q

4.55%

2Q

4.69%

1Q

4.78%

4Q

5.09%

3Q

5.55%

2Q

5.67%

1Q

5.62%

2017 2016 2015

9M 2017

0.10%

2016

1.11%

2015

1.29%

2014

1.53%

DSK Bank retained its stable profitability (9M ROE: 21.1%).

Favourable credit quality trends remained intact and NIM erosion was fairly contained q-o-q

(in HUF billion) 16 3Q 17 2Q 17 3Q Q-o-Q Y-o-Y

Profit after tax (adjusted) 14.7 12.0 11.3 -6% -23%

Profit before tax 16.2 13.4 12.5 -7% -23%

Operating profit 17.6 15.9 16.0 1% -9%

Total income 28.0 27.6 27.4 -1% -2%

Net interest income 21.1 18.3 17.8 -3% -16% Net fees and

commissions 6.7 6.9 7.1

2% 6%

Other income 0.2 2.4 2.5 4%

Operating costs -10.3 -11.7 -11.4 -3% 10%

Total risk cost -1.4 -2.5 -3.5 41% 150%

5.47% 4.60%

1 According to the old calculation methodology until 2014 and the new calculation methodology from 2015.

22

The Russian profit somewhat declined in 3Q (-5% q-o-q in RUB terms), with 3Q ROE still at 20%. FX-adjusted

performing POS and cash loan volumes as well as corporate loans grew y-o-y due to strong disbursements

Mikro- és kisvállalkozói hitelállomány y/y változása (árfolyamszűrt állományalakulás)

DPD0-90 loan volumes (FX-adjusted, in HUF billion)

POS

Credit card Other loans

Cash loan

166136+22%

3Q 2017 3Q 2016

8390

3Q 2017 3Q 2016

-8% 5539 +40%

3Q 2017 3Q 2016

10073+37%

3Q 2017 3Q 2016

2017 2016 2015 2014 2013 2012

6.6% 9.1%

Credit card

POS

Cash loan

OTP Bank Russia - risk cost rates in different segments

(in HUF billion) 3Q 16 2Q 17 3Q 17 Q-o-Q Y-o-Y

Profit after tax (adjusted) 6.8 7.5 6.4 -15% -7%

Profit before tax 8.7 9.5 8.1 -14% -7%

Operating profit 16.1 19.2 16.6 -14% 3%

Total income 27.4 32.6 29.2 -10% 6%

Net interest income 23.0 26.1 23.7 -9% 3%

Net fees and

commissions 3.9 6.1 5.2 -15% 33%

Other income 0.5 0.3 0.3 -19% -47%

Operating costs -11.4 -13.3 -12.6 -5% 11%

Total risk cost -7.3 -9.8 -8.5 -13% 15%

Income statement

Return on Equity1

2015 2012

28.0%

1.3%

-10.0%

2013 2016

21.8%

9M 2017

-14.5%

2014

20.2%

OTP Bank Russia

9.1%

1 According to the old calculation methodology until 2014 and the new calculation methodology from 2015.

23

POS loan disbursements (RUB billion)

DPD0-90 credit card loan volume q-o-q changes (RUB billion)

Cash loan disbursements (RUB billion, including quick cash loans)

In 3Q 2017 not just POS and cash loan disbursements kept growing, but also performing credit card volumes

started increasing on a quarterly basis. Deposits grew q-o-q in RUB terms. Average RUB term deposit rates

flattened out in 3Q

1311

812

1815

13119

13

1614

1715

131617

1920

15

2018

25 11%

-1-2-2

012

-1-2-3

223 1

-1-2

032

-1-2-1

12

420642

632

752

652

664 5

3575

+33%

73 68 60

OTP Bank Russia

46

2012 2013 2014 2015 2016 2017

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

726566726870717975818891

837777

3Q 2Q 1Q 4Q 3Q 2Q 1Q 4Q 3Q 2Q 1Q 4Q 3Q 2Q 1Q

2014 2015 2016 2017

Development of customer deposits (RUB billion)

Average interest rates for stock and new RUB deposits

16%

14%

12%

10%

8%

6%

0%

2Q 1Q 4Q 3Q

7.9%

2Q

7.9%

1Q 4Q 3Q

7.9%

2Q 1Q 4Q 3Q 2Q 1Q 3Q

14.8%

14.2%

11.2%

5.5%

8.1%

5.5%

Stock of total deposits

New term deposit placements

Stock of term deposits

Share of term deposits (stock), %

58

-10

75 76 78 77 79 75 78 73 75

2012 2013 2014 2015 2016 2017

1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

71 71

-6

12 22 24 7 15

66

10 7 1

64

2014 2015 2016 2017

63 63

24

Profit after tax in Ukraine improved q-o-q, 3Q ROE (39%) is still the highest among subsidiary banks of the

Group. Net interest margin increased, and performing loan volumes kept growing

Net interest margin

Composition of performing loan volumes

222

75%

7% 9% 2% 7%

2016

201

74%

6% 8% 3% 9%

2015

191

73%

5% 8% 6% 8%

2014

264

70%

5% 8%

15% 1%

2013

360

66%

7% 8%

18% 1%

3Q 2017

Corporate

Car finance

Consumer loans

FX Mortgage loans

UAH Mortgage loans (in HUF billion, FX-adj.)

0%

2%

4%

6%

8%

10%

12%

4Q

9.73%

2Q

6.73%

7.74%

2Q 4Q 1Q

11.56%

1Q 3Q 3Q

7.63% 7.49% 8.30%

3Q

8.08%

2Q

6.22%

1Q

10.53%

7.66%

2017

8.33% 9.02%

2016 2015

(in HUF billion) 3Q 16 2Q 17 3Q 17 Q-o-Q Y-o-Y

Profit after tax 3.8 2.5 3.1 22% -20%

Profit before tax 2.2 3.2 3.5 9% 61%

Operating profit 5.1 4.1 4.9 21% -3%

Total income 8.6 8.1 8.7 8% 2%

Net interest income 5.8 5.3 5.9 12% 2%

Net fees and

commissions 2.2 2.3 2.5 7% 13%

Other income 0.6 0.5 0.3 -27% -38%

Operating costs -3.5 -4.0 -3.8 -5% 9%

Total risk cost -2.9 -0.8 -1.4 69% -51%

Income statement

Return on Equity1

0.5%

2012

6.0%

2013

-73.4%

2014 2015 2016

41.1%

9M 2017

OTP Bank Ukraine

Not available due

to negative equity

1 According to the old calculation methodology until 2014 and the new calculation methodology from 2015.

The 3Q performance of the Croatian operation was also boosted by the consolidation of Splitska banka

from May. The market share of OTP in total assets increased to 11.3% based on August data

25

OBH (Croatia)

DPD0-90 loan volumes (FX-adjusted, in HUF billion)

Market share by total assets

121

1,036

19

466

292

259

2016

415

153

126

136

2015

407

155

126

125

2014

404

152

125

127

2013

351

141

90

3Q 2017

11.3

Aug 2017 2016

4.0

2015

3.9

2014

4.1

2013

3.4

Car-financing

Corporate loans

Consumer loans

Mortgage loans (in HUF billion) 9M

2016

9M

2017 Y-o-Y

3Q

2016

2Q

2017

3Q

2017 Q-o-Q Y-o-Y

Profit after tax 3.6 11.1 209% 1.4 6.9 6.0 -14% 324%

Profit before tax 4.5 13.9 211% 1.8 8.6 7.6 -11% 330%

Operating profit 9.9 20.1 102% 3.9 7.4 9.6 30% 146%

Total income 23.6 44.4 89% 8.4 16.2 20.4 26% 142%

Net interest

income 16.9 30.8 83% 5.8 11.5 13.4 16% 129%

Net fees and

commissions 3.9 8.7 121% 1.5 3.2 4.2 31% 188%

Other income 2.7 4.9 79% 1.1 1.5 2.8 88% 147%

Operating costs -13.6 -24.3 79% -4.5 -8.8 -10.8 22% 138%

Total risk cost -5.5 -6.2 14% -2.1 1.2 -2.0 -6%

26

3Q

11.2%

2Q

12.2%

1Q

14.1%

4Q

14.7%

3Q

15.8%

2Q

16.4%

1Q

17.0%

4Q

17.0%

3Q

19.2%

2Q

18.4%

1Q

18.4%

4Q

19.3%

3Q

21.8% 95.4% 97.7% 98.8% 96.8% 95.0% 95.0% 92.5% 93.4% 89.1% 89.6% 88.8%

84.3% 84.8%

0.05 0.35

0.65

1.80

0.56 0.87

1.32

2.98 3.41

2.72

3.66 3.82 3.45

15

10

1017 51814

18

6

31

3

25 14 8

35

The consolidated DPD90+ ratio kept further declining. The risk cost rate dropped to multi-year lows

2014 2015 2016 2017

804874902

3Q 2Q 1Q 4Q

917

3Q

956

2Q

979

1Q

996

4Q

997

3Q

1,086

2Q

1,045

1Q

1,062

4Q

1,104

3Q

1,304

1611

30

91421

4857

45

616965

3Q 2Q 1Q 4Q 3Q 2Q 1Q 4Q 3Q 2Q 1Q 4Q 3Q

86 113171

12115

2159

190

9M

2017

52

2016 2015 2014

82

2013

133

254

2012

222

One-off contribution of Splitska banka

Contribution of Russia and Ukraine

Change in DPD90+ loan volumes (consolidated, adjusted for FX and sales and write-offs, in HUF billion)

Consolidated provision coverage ratio Ratio of consolidated DPD90+ loans to total loans

Consolidated risk cost for possible loan losses and its ratio to

average gross loans Risk cost for possible loan losses (in HUF bn)

Risk cost to average gross loans1 (%)

DPD90+ coverage ratio

Consolidated allowance for loan losses (FX-adjusted, in HUF billion)

1Q 2Q 3Q 4Q 1Q 2Q 3Q

2014 2015 2016 2017 2014 2015 2016 2017

1 According to the old calculation methodology until 4Q 2015 and the new calculation methodology from 1Q 2016.

2016 2017

27

4 1610

15

2

35

39 18

3

15

15

29

31

25

68

-1

1

0-1-2

1

0-2

2

-10

00113

-2

4

12

-1-2-20

1

0

0

-2

0

-3

38

1

0-1-1

9108710131716

24

-1-7

5

8

-10

-2-3

1

15

15

29

37

-1-1-1-20-1

14

1

15

15 132212202 0

-100

10

0-10

0

12100

732

In 3Q 2017 the FX-adjusted DPD90+ formation was similar to that in 2Q (without Splitska); the Russian inflow was below

the quarterly average of the last couple of years, while in Croatia the increase was mostly related to corporate exposures

FX-adjusted sold or written-off loan volumes:

FX-adjusted sold or written-off loan volumes:

FX-adjusted sold or written-off loan volumes:

0 0 1 1 2 3 2 0 5

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

2017 2015 2017 2015 2017 2015 2017 2015

Consolidated OTP Core

(Hungary)

OBRu

(Russia)

OBR

(Romania)

OBU

(Ukraine)

DSK

(Bulgaria)

CKB

(Montenegro)

OBSr

(Serbia)

Merkantil Bank+Car

(Hungary)

OBS

(Slovakia)

OBH

(Croatia)

FX-adjusted quarterly change in DPD90+ loan volumes (without the effect of sales / write-offs, in HUF billion)

Technical effect of settlement in 3Q 2015

18 150 20 35 42 74 40 51 41

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

12 27 8 11 9 14 12 15 10

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

2016 2017 2015

1 52 1 2 15 20 17 14 8

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

2016

3 57 6 19 7 12 3 11 10

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

2016

1 6 4 1 3 23 0 3 3

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

2016

0 3 0 1 5 3 0 2 1

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

2016

0 0 0 0 0 0 0 2 0

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

2017 2015 2017 2015 2017 2015 2017 2015 2016 2017 2015 2016 2016 2016 2016

0 4 0 0 0 0 0 1 0

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

0 0 0 0 0 0 5 0 4

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

0 1 0 0 1 0 0 0 0

3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q

2017 2015 2016

Out of the DPD90+ volume growth

in 4Q 2016, HUF 15 billion was

attributable to the consolidation of

AXA portfolio.

Out of the DPD90+ volume growth

in 2Q 2017, HUF 15 billion was

attributable to the consolidation of

Splitska banka portfolio.

28

10.4

3Q

9.8

4Q

9.1 7.5

2Q 3Q

8.3

1Q

0.4 0.2

2Q

-0.3

3Q 4Q

2.8

1Q

0.4

3Q

19.4

2Q

18.4

3Q 4Q

20.2

1Q 3Q

17.2 23.4

11110811010899

1Q 2Q 3Q 4Q 3Q

119122119118117

1Q 2Q 3Q 4Q 3Q

130127123118112

4Q 1Q 2Q 3Q 3Q

3Q

-1.1 -1.1 -1.9

3Q

-1.4

1Q

-0.5

4Q 2Q

8182848387

2Q 4Q 1Q 3Q 3Q

The DPD90+ ratio declined q-o-q with risk cost rate remaining moderate all across the board. Provision coverage ratios stood at conservative levels

OTP Bank

Russia

OTP Bank

Ukraine

DSK Bank

Bulgaria OTP Core

Hungary

1.0

3Q 3Q

1.1

4Q

3.3

2Q

-0.2

1Q

2.1

8.5

1Q

7.9 7.1

3Q 4Q

7.9

2Q

6.9

3Q

1Q

9.4 11.3

3Q 2Q

11.1

4Q

11.5 13.5

3Q

37.5

2Q

33.4

1Q 3Q

41.2 44.9

3Q

41.9

4Q

-0.6 (2016)

1.1 (2016)

3.0 (2016)

8.2 (2016)

2016 2017 2016 2017

-1.5 (9M 2017)

0.1 (9M 2017)

7.7 (9M 2017)

0.6 (9M 2017)

* Negative amount implies provision releases.

2Q 3Q

6.4 11.7

1Q

12.1 12.6

4Q 3Q

7.7

7685988884

3Q 3Q 2Q 1Q 4Q

OTP Bank

Croatia

4.3

3Q 3Q 1Q

0.1 0.5 1.2

4Q

1.1

2Q

1.1 (2016)

1.1 (9M 2017)

Risk cost for possible loan losses / Average gross customer loans*, %

DPD90+ loans / Gross customer loans, %

Total provisions / DPD90+ loans, %

2016 2017 2016 2017 2016 2017

29

DPD90+ ratio (%)

DPD90+ ratio (%)

DPD90+ ratio (%)

DPD90+ ratio (%)

OTP Core

(Hungary) 3Q16 4Q16 1Q17 2Q17 3Q17

Q-o-Q

(pp)

Total 10.4 9.8 9.1 8.3 7.5 -0.8

Retail 12.2 11.3 10.9 10.3 9.7 -0.6

Mortgage 11.1 10.4 10.1 9.8 9.4 -0.4

Consumer 16.0 15.2 14.3 12.3 10.9 -1.4

MSE 6.4 6.4 6.5 6.5 6.1 -0.4

Corporate 8.3 7.9 6.8 5.4 4.2 -1.2

Municipal 4.1 0.3 0.1 0.1 0.1 -0.1

OTP Bank

Russia 3Q16 4Q16 1Q17 2Q17 3Q17

Q-o-Q

(pp)

Total 23.4 20.2 19.4 18.4 17.2 -1.2

Mortgage 37.1 36.9 36.1 37.5 36.7 -0.8

Consumer 23.2 19.9 19.1 18.3 17.1 -1.2

Credit

card 32.8 30.8 30.5 29.4 27.8 -1.6

POS loan 14.4 11.1 11.7 12.5 11.8 -0.7

Cash loan 24.3 22.7 18.7 15.8 15.0 -0.8

OTP Bank

Ukraine 3Q16 4Q16 1Q17 2Q17 3Q17

Q-o-Q

(pp)

Total 44.9 41.9 41.2 37.5 33.4 -4.0

Mortgage 74.1 72.6 73.2 72.6 73.6 0.9

Consumer 38.3 34.6 31.8 32.5 29.7 -2.9

SME 87.8 87.3 87.6 87.8 88.0 0.2

Corporate 19.0 18.6 17.6 13.4 5.9 -7.5

Car-finance 46.6 42.6 41.2 35.5 33.5 -1.9

At the main operations the DPD90+ ratios decreased q-o-q supported by favourable credit quality trends, as well as by

DPD90+ portfolio sales and write-offs

OTP Bank

Croatia 3Q16 4Q16 1Q17 2Q17 3Q17

Q-o-Q

(pp)

Total 12.6 12.1 11.7 6.4 7.7 1.3

Mortgage 8.6 8.4 8.2 5.3 5.1 -0.2

Consumer 12.8 12.6 12.4 6.8 7.1 0.3

Corporate 21.0 19.2 18.8 10.5 15.0 4.6

Car-finance 67.1 70.7 72.8 0.9 1.0 0.1

DPD90+ ratio (%) DPD90+ ratio (%)

DSK Bank

(Bulgaria) 3Q16 4Q16 1Q17 2Q17 3Q17

Q-o-Q

(pp)

Total 13.5 11.5 11.3 11.1 9.4 -1.7

Mortgage 21.0 16.7 16.5 15.9 13.5 -2.4

Consumer 8.5 7.7 8.2 8.4 7.0 -1.3

MSE 20.6 17.2 17.5 15.9 13.4 -2.5

Corporate 10.4 9.6 8.7 8.6 7.4 -1.2

30

Investor Relations & Debt Capital Markets

Tel: + 36 1 473 5460; + 36 1 473 5457

Fax: + 36 1 473 5951

E-mail: investor.relations@otpbank.hu

www.otpbank.hu

Forward looking statements

This presentation contains certain forward-looking statements with respect to the financial condition, results of operations, and businesses of OTP Bank. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that will occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward looking statements and forecasts. The statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment. Nothing in this presentation should be construed as a guaranteed profit forecast.